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The NAB Business Options Instalment Loan provides finance for a set term with regular repayments covering principal and interest. With the flexibility of fixed or variable interest rates and a choice of repayment options, this loan can be tailored to suit your individual business circumstances and cash flow.
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| Benefits |
- Flexibility - the ability to swap from a variable interest rate to fixed interest rate and vice versa during the term of the loan.1
- Tailoring to match your cash flow - interest charging cycles, interest charging dates, repayment cycles and repayment dates aligned with your anticipated cash flow.
- Convenience - ability to make alterations to your loan to accommodate your changing circumstances.2
- Simplicity - loan repayments can be automatically debited from your NAB nominated business account.
- Accessibility - NAB Internet and Telephone banking access available. Access to your NAB Business Banker.
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| Features |
- Your loan can swap between fixed and variable interest rates. At the end of any fixed rate interest period, the loan will switch to a variable interest rate unless you choose to re-fix it for another fixed rate period.
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Interest and repayment cycles can be set (monthly, quarterly, half yearly and annually) in line with your cash flow.
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Redraw and progressive draw down options are available whilst the interest rate is variable.
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Additional repayments can be made during variable rate periods without attracting fees and charges.
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NAB Internet and Telephone banking access is available.
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1A variable rate loan can be switched to fixed rate at any time at no cost. When swapping from a fixed rate to a variable rate the relevant fixed rate period must have expired first, otherwise fees and charges may apply.
2 Alteration can be made to the interest rate, interest charging cycles, interest charging dates, repayment cycles and repayment dates subject to the terms & conditions of your loan.
Terms and conditions available on application. Fees and charges are payable. Normal lending criteria apply.
Related options:
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